Fatih Birol - International Energy Agency


Last quote by Fatih Birol

The US is becoming an undisputed global leader in oil and gas production. It has major implications across the energy world.feedback
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Nov 12 2017
Fatih Birol has been quoted 43 times. The one recent article where Fatih Birol has been quoted is Tata Power announces 30-megawatt solar plant in India. Most recently, Fatih Birol was quoted as having said, “What we are witnessing is the birth of a new era in solar PV.”.
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Fatih Birol quotes

Mar 08 2017 - Oil

It is not only oil. It is coal. It is solar. It is out of the strong growth in the economy and the population growth.feedback

Mar 07 2017

We have about $450 billion of investment in upstream (this year). This is about 25 percent below where it needs to be to meet demand growth and compensate declines in existing fields.feedback

Mar 07 2017

Shale gas from the U.S. changed the game. It could bring the cost down in the U.S. and give a big boost to industry. It can provide attractive alternatives to coal in Asia. It could provide a very attractive alternative to Russian pipeline gas in Europe. It may change the gas prospects in the U.S. and, more importantly, the world.feedback

Mar 06 2017 - Oil

We are witnessing the start of a second wave of U.S. supply growth, and its size will depend on where prices go. But this is no time for complacency. We don't see a peak in oil demand any time soon. And unless investments globally rebound sharply, a new period of price volatility looms on the horizon.feedback

Jan 17 2017 - OPEC

As a result of the increase in prices. We are going to see a substantial amount of oil pouring into the market from the United States.feedback

Jan 17 2017 - OPEC

At the end of the day we are definitely going to see more oil coming from the United States. We will see a bit of a zig zag and we will see a greater volatility of the prices.feedback

Jan 15 2017

I would expect that we will see a rebalancing of the markets within the first half of this year.feedback

Jan 15 2017

This year, if there are no major investments coming we may well see in a few years from now significant supply-demand gap with serious implications on the market.feedback

Jan 15 2017 - Fracking

I expect the U.S. shale oil will go back to increasing production this year.feedback

Dec 01 2016 - OPEC

Unlike in the past OPEC decisions, if prices move to around $60, a substantial amount of oil in United states is ready to come to the markets.feedback

Nov 29 2016

If prices are pushed up towards $60 we will see within nine months a strong response from U.S. shale production putting oil in the market.feedback

Nov 24 2016

This is the first time in the history of oil that investments are declining three years in a row.feedback

Nov 24 2016

Our analysis shows we are entering a period of greater oil price volatility (partly) as a result of three years in a row of global oil investments in decline: in 2015, 2016 and most likely 2017.feedback

Nov 21 2016 - Fracking

We are seeing shale oil at around $60 or so, for a big chunk of it to be profitable, and we may well see it come to the market and provide more oil to the markets.feedback

Nov 16 2016

We see clear winners for the next 25 years – natural gas but especially wind and solar – replacing the champion of the previous 25 years, coal.feedback

Nov 04 2016 - Carbon

Limiting carbon emissions and changing our energy systems is a monumental challenge. But the IEA is working with governments around the world to help identify solutions and show how it can be done.feedback

Nov 03 2016

We just told the entire world last week that the renewable electricity capacity now took over coal and became the number one source of electricity capacity in the world.feedback

Oct 25 2016

Even these higher expectations remain modest compared with the huge untapped potential of renewables.feedback

Oct 10 2016

When you look at the consumption side, it is very important to see what kind of impact the fuel economy measures, energy efficiency measures, affect the demand and supply.feedback

Oct 10 2016

One of the major reasons… is because cars are becoming much more efficient than in the past: for... 100 kilometers, they use less oil and they are much more efficient now, compared to a few years ago.feedback

Oct 10 2016

And it will be even more so in the next years to come because there are many countries growing, such as India, such as (countries in) South East Asia, they have not yet set the fuel economy standards, efficiency standards.feedback

Sep 04 2016

We have seen two years in a row in 2015 and 2016 oil investments declining. This would mean oil security and oil markets may face a challenge as a result of a huge drop in the investments in a very few years in the medium term.feedback

Sep 01 2016

We may be on a higher side compared to others (forecasts), this is mainly because we're more upbeat when it comes to Europe and emerging Asia demand in demand growth.feedback

Sep 01 2016

Several years ago renewables were considered to be a romantic story but now it's becoming a business. A lot of gas is coming to markets ... and this creates a historic opportunity to push for flexibility in gas contracts, especially destination clauses.feedback

Sep 01 2016

Oversupply of oil markets will gradually be eased and (oil markets) will find a balance between supply and demand in 2017.feedback

Jun 27 2016 - Pollution

This is completely peanuts. With a seven percent increase you can save over three million lives.feedback

Mar 30 2016

It was misleading to believe that there would be a huge amount of new Iranian crude and natural gas production entering the market in the short term.feedback

Mar 16 2016

The new figures confirm last year's surprising but welcome news: we now have seen two straight years of greenhouse gas emissions decoupling from economic growth. Coming just a few months after the landmark (climate) agreement in Paris, this is yet another boost to the global fight against climate change.feedback

Jan 05 2016

What we would like to see is, after a big decline in 2015 and 2016, there will be a rebound in investments (in 2017), and bringing (investments) to the level of $600 billion once again.feedback

Nov 12 2013

Giving the wrong signal to Middle East producers may well delay investment. If we want Middle East oil in 2020, the investments need to be made by now.feedback

Nov 12 2013 - Fracking

Due to the limited resource base (of US shale oil), it is going to plateau and decline. After 2020 there will be a major dominance of Middle East oil.feedback

Mar 30 2011 - Saudi Arabia

Saudi Arabia has made substantial efforts to calm down the oil markets by increasing production and slowing prices from going higher.feedback

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